Stock Track | China Stimulus Disappoints, Direxion China Bull ETF Plunges

Stock Track11-08

The Direxion Daily FTSE China Bull 3X Shares ETF (YINN) plummeted -12.25% in pre-market trading on Thursday, reacting to China's unveiled fiscal stimulus package that failed to impress investors.

China announced a $1.4 trillion stimulus plan on Friday, aimed at stabilizing the world's second-largest economy amidst rising trade tensions with the United States. However, the measures fell short of market expectations, with analysts describing the package as "incremental" and inadequate to revive economic growth.

The underwhelming stimulus package dampened investor sentiment towards Chinese stocks, triggering a sell-off that rippled through the broader market. As a leveraged ETF designed to deliver 3x the daily returns of the FTSE China 50 Index, the YINN ETF amplified the market's negative reaction, resulting in the substantial pre-market plunge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1152879451?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-08 17:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1152879451","market":"hk","top_or_hot":-1,"title":"Stock Track | China Stimulus Disappoints, Direxion China Bull ETF Plunges","media":"Stock Track","content":"<p>The Direxion Daily FTSE China Bull 3X Shares ETF (YINN) plummeted -12.25% in pre-market trading on Thursday, reacting to China's unveiled fiscal stimulus package that failed to impress investors.</p>\n\n<p>China announced a $1.4 trillion stimulus plan on Friday, aimed at stabilizing the world's second-largest economy amidst rising trade tensions with the United States. However, the measures fell short of market expectations, with analysts describing the package as \"incremental\" and inadequate to revive economic growth.</p>\n\n<p>The underwhelming stimulus package dampened investor sentiment towards Chinese stocks, triggering a sell-off that rippled through the broader market. As a leveraged ETF designed to deliver 3x the daily returns of the FTSE China 50 Index, the YINN ETF amplified the market's negative reaction, resulting in the substantial pre-market plunge.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | China Stimulus Disappoints, Direxion China Bull ETF Plunges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | China Stimulus Disappoints, Direxion China Bull ETF Plunges\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-08 17:58 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Direxion Daily FTSE China Bull 3X Shares ETF (YINN) plummeted -12.25% in pre-market trading on Thursday, reacting to China's unveiled fiscal stimulus package that failed to impress investors.\n...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YINN","symbol_name":"三倍做多富时中国ETF-Direxion","start_time":0,"source_url":"","article_id":"1152879451","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152879451","pubTimestamp":1731059907,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The Direxion Daily FTSE China Bull 3X Shares ETF  plummeted -12.25% in pre-market trading on Thursday, reacting to China's unveiled fiscal stimulus package that failed to impress investors.China announced a $1.4 trillion stimulus plan on Friday, aimed at stabilizing the world's second-largest economy amidst rising trade tensions with the United States. However, the measures fell short of market expectations, with analysts describing the package as \"incremental\" and inadequate to revive economic ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"YINN":"三倍做多富时中国ETF-Direxion"},"translate_title":"股票追踪中国刺激措施令人失望，Direxion中国牛市ETF暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YINN":1},"content_text":"The Direxion Daily FTSE China Bull 3X Shares ETF (YINN) plummeted -12.25% in pre-market trading on Thursday, reacting to China's unveiled fiscal stimulus package that failed to impress investors.\nChina announced a $1.4 trillion stimulus plan on Friday, aimed at stabilizing the world's second-largest economy amidst rising trade tensions with the United States. However, the measures fell short of market expectations, with analysts describing the package as \"incremental\" and inadequate to revive economic growth.\nThe underwhelming stimulus package dampened investor sentiment towards Chinese stocks, triggering a sell-off that rippled through the broader market. As a leveraged ETF designed to deliver 3x the daily returns of the FTSE China 50 Index, the YINN ETF amplified the market's negative reaction, resulting in the substantial pre-market plunge.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1152879451"}